| Show BllE AtllS I If GAJNIN G o NiERT i 1 NoL gGr the Creed of Handful Hand-ful of Cranks t i PERILOUS TIMES 1PJq SrlIErRQNp inTY InSication of a Most Serious Panic TJic London Financial sewS Begs That Country to TliroW Aside Its Pride ns the Gold Marl or the theS World and Adopt Bimetallism If TheyrDo TVot ItSay the 1un iNlimciit Will Fall Upon Their Own Heads London Feb tThc Financial News savs as Guatemala today other silver countries tomo TOW will default With most of them it is only a question of time The worlds commerce is reeling to a crisis Yet the mischief from the appreciation ap-preciation of gold has only begun Bimetallism Bi-metallism in England Is gaining converts It is understood that Gldderdale exgov ernor of tho Bank of England Is a strong advocate for an International agreement for a joint standard Bimetallism Bimetall-ism is no longer the creed of a nandful of cranks Nearly every economist of eminence emi-nence Is on its side The International conference must be reopened France Germany and the United States are anxious anx-ious that this be done Surely our Interests Inter-ests are as great as theirs If in our pride as the gold mart of the world we stand aside the punishment will fall upon our own heads It depends upon the British cabinet whether the conference is to be fruitless or not A PANIC IN MEXICO City of Mexico Feb tThe sharp decline de-cline In silver yesterday on the London market sent exchange to unprecedented figures London exchange is quoted at Cid per dollar New York exchange 102 rislnjj an hour later 2 points The sltua tion is exceedingly rave Bankers fear irti ra seJ a further decline A number of dealers In European goods who bought on six months time dlect from European manu facturers find th ir position perilous having hav-ing experienced an Increase of 50 percent In exchange since the goods were bought thereby wiping out all profits The position posi-tion of a large French house In the dry Roods trade who are large importers is bad The consumption of this class of goods has been steadily declining as the exchange has goneup GRAIN PROSPECTS ABROAD London Feb 4The weather Is colder and the land drier and In good condition The wheat market Improved on cold weather which caused the American le dine and If now steady United King dom has been quiet and on the continent there has been a good demand for La Plata at fair prices American parcels are steady and California and Austra Han cargoes are firm The general situa tion shows little change Operators are indifferent California prompt is quoted 23s 6d GOVERNMENT BONDS New York Feb 24 U S Vs regl1i g U S 4s reg113 r S 5 s couponll798 U S 4s coupon 113ft Pacific ITs102 2s reg OS BANK STATEMENT New York Feb 24 Reserve increase 1231000 loans increase USS3uOO specie Sectease 571000 legal tenders increase 0590000 deposits Increase 2750000 The anks now hold 574587000 in excess of regal requirements THE METALS 11r GO Lead 310 Copper 963 Tin Nominal NEW YORK MONEY MARKET New York Feb 24 Money on call easy 1 per cent prime mercantile paper 35 z sterling exchange firm actual business jn bankers bills 48S4S5 on demand 4S644SIi14 for 60 day bills ON WALL STREET New York Feb 24Vall Street rhre + quart rs of the days business was done in Sugar and Distilling Report of I a duty on raw and refined sugar agreed I on by the Senate committee caused 2K I pain lost 11l at the close Distilling heavy selling caused a decline of to of which y was recovered on final sales Governments firm Petroleum dull SOVi asked Gold Imports for the week 3107000 silver 550000 ExportsGold 442000 sil Vcr 5563000 RAILROAD AND OTHER STOCKS New York Feb 24 American o1l2 Canada Pac 6S Chicago Gas 62 Cotton Oil 27 Distillers 23K T pfd 22i Lake Shore126k Lead Trust 27 i 1 Mo Pac1ic2 Nat Cordage 15U Imp lHa Preferred 30l Short Line Pullman ie Reading 21V R G G H A f f Ri reg St Paul SG Preferred Wf U S Eyprcss 57 Firsts GS Electric 3S Linseed 18 Atchison ll Burlington 48 Can Pacific 13 K Pacific 4 westernlo O2 Preferred li N AmerIcan 4 N y Central9 Ore Nav 20 Rio Grande pfd 30 St P 0 5s Great N pfd102 Texas Pacific S Union Pacific 17 I Fargo Expresbl20 W Union 83 Sugar S3 I BOSTON QUOTATIONS Boston Feb 21 Atchion Telephone 634 Blrl1ngtonj4 k Mexican fi I San Diego 5 MINING STOCKS New York Feb 24 I ihollaru 45 Crown Point SO Doiu Cal Va 3 20 Deadood K > I Gould fipQurry 70 Hale Norcross < u o Eomestake12 Mexican 140 I OnlarloG500phir 2 CO I Plymouth 20 S Nevada 2 Ot Standard asked 1 23 Union Con 85 Yellow Jacket 70 Iron Silver 10 I Quicksilver 2 30 Preferred 15 00 I I NEW YORK GENERAL MARKET New York Feb 24 i HOPSDull state common to choice 1J2 Pacific coast 16JZ32 COPPER Quiet lake 9 LOAD Quiet domestic 310 Tils Nominal COFFEE Options opened unchanged to 5 points decline ruled dull heavy unoer weak cables and unsatisfactory spot coffee market closed unchanged to 30 I points Occllnc Sales 11500 bags March 1550 < May 1525 spot Rio duB heavy No V 17 U SUGARRIt weal fair rennin 2i IHr centrifugal 96test 3I3 10 fined quiet off A 4316 mould A r4f4 1110 standard Au and cor fectioners orA 4Q3 16 cut loaf crushed crush-ed 5 i4 cubes 4 1116 granulated kfiH 116 CHICAGO GENERAL MARKET Chicago Feb 24 WHEAT Low er cash 57 May GO CORN Steady cash 3414 May 36 OATfi Eatv cash JS = L May 53U p PORKEasy May 1225 LARDEasy May 771k RIBS Easv May 62T RY1i16 13XnLTYNominal TL OTHrt15 i CHICAGO GRAIN MARKET Chicago l < eu 24 J WHEATjLcsb active opened Is lower declined more on disappointing cables foreign selling at New York and smalten export In a year together with a liberal novement in the northwest an l milJ weather closed at botton and lower than yjsterday Receipts 9000 tiiiprcents t 13000 others unchanged LIVERPOOL QUOTATIONS Liverpool Feb 24 WHEATSteady California 5s ld2d Ko 2 red west winter 4a 10d5s COTiK Firm mixed western Zs 3d CHICAGO LIVE STOCK Chicago Feb 24 i CATTLE Receipts 1000 prime lo extra L ex-tra cteeis 450 480 stood to choice 4f1 425 weathers 300 < g375 HOfJS Receipts 2100 lower rough heav AW3JS07 packers and mixed 500 I J p a J J 3 = 1 0 1 < 5 ill > prime heavy and butchers weights I 5 n I > a25 assorted light 52Q2a 13s SHEEP Receipts 500 unchanged top sheen 8003r top lambs 2755oJ |
